(Excerpt for Hillsborough County)

2

Price-Managed LanesComparison to Other Lane Types

3

4

Dollars in Millions Fixed Guideway

Guideway Capital Cost $560

Toll Revenue $3,406

Guideway O&M Cost $545Net Revenue $2,861

Toll Bond Financing $268

Cost of Finance $858

Net All Costs $2,003

Unfunded Capital ($292)

Traditional Funding Challenges

The Tolling Challenge

Price Managed Lane

Premium Bus Service

Dollars in Millions New Premium Bus

Bus Capital Cost $31

Bus Revenue $58 Bus O&M Cost $559 Net Revenue ($501)

Unfunded Operating ($501)

5

The Transit Challenge

Dollars in Millions Fixed Guideway

Guideway Capital Cost

$560

Toll Revenue $3,406

Guideway O&M Cost $545Net Revenue $2,861

Toll Bond Financing $268

Cost of Finance $858

Net All Costs $2,003

Unfunded Capital ($292)

Price Managed Lane

The Tolling Challenge

Traditional Funding Challenges

6

Bus Toll Lane Concept

Transit Pays to Help Build The New Express Lanes Price Managed for Service – Keep Highway Speed Buses Have First Call On Express Lane Drivers Willing To Pay Toll Use the Express Lane Helps “Free” Lanes too Assure Trip Time and Schedule Reliability Makes Transit a Competitive Choice Provides Revenue to Grow Future Mobility

A Transit ConceptCombining Transit and Toll Finance

Elements

7

Bus Toll Lane Concept - Funding BTL 1 CONCEPT

Toll Bond $268

Transit Grant $323

BTL 1 CONCEPT

8

BTL 1 Concept - Funding

Toll Bond $268

Transit Grant $323

BTL 1 CONCEPT

9

BTL 1 Concept - Funding

Toll Bond $268

Transit Grant $323

Bus Toll Lane 1Sources of Capital ($591 Million)

10

Bus Toll Lane 1Use of Revenue

Value = $3,463 Million 30 Year Forecast

11

($268 Million Bonds)